Aristeia Capital L.L.C. Has $1.68 Million Stock Position in Bel Fuse Inc. $BELFA

Aristeia Capital L.L.C. increased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 21.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,094 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,994 shares during the period. Aristeia Capital L.L.C. owned 0.09% of Bel Fuse worth $1,684,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in shares of Bel Fuse by 92.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 153 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Bel Fuse by 447.1% in the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock valued at $67,000 after purchasing an additional 608 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Bel Fuse during the fourth quarter worth approximately $111,000. Rhumbline Advisers increased its stake in shares of Bel Fuse by 41.5% during the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after purchasing an additional 767 shares during the period. Finally, FNY Investment Advisers LLC lifted its holdings in Bel Fuse by 186.7% during the 3rd quarter. FNY Investment Advisers LLC now owns 1,637 shares of the scientific and technical instruments company’s stock worth $190,000 after purchasing an additional 1,066 shares during the last quarter. Institutional investors own 6.01% of the company’s stock.

Bel Fuse Stock Up 1.5%

NASDAQ BELFA opened at $265.66 on Thursday. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 64.01 and a beta of 1.38. The company has a 50 day moving average of $241.94 and a 200-day moving average of $201.83. Bel Fuse Inc. has a 1-year low of $78.90 and a 1-year high of $276.20.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.10. The business had revenue of $178.49 million for the quarter, compared to the consensus estimate of $172.07 million. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $0.06 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is presently 5.78%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Robert W. Baird set a $250.00 price objective on Bel Fuse in a report on Thursday, February 19th. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $250.00.

About Bel Fuse

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.